Pinhooking is still the place to be in this game.

[Cannon Shell]

Originally Posted by Kasept

The general expense figure for care and training of pinhooked Yearling to 2yo Sale prospects is $30k.

That figure may be a little low as insurance drives the price up quite a bit. Since many if not most pinhooks are bought with borrowed money, insurance is a must. Pinhooking looks much easier than actually is. You have to have a great opinion at the yearling sales, get really lucky and have no conscience when you are sticking someone with a ticking time bomb for $800k. Not to mention that most of the high dollar purchases net less than advertised due to the fact that a lot of palms are greased along the way. And that is for actual sales not paper bs.

The vast majority of horses cataloged for that sale were money losers.